Enterprise Mobility company, RapidValue has raised INR 25 Crores (~$4.2mn) from Helion. This is Helion’s second investment in enterprise mobility, after EzeTap.
RapidValue was founded in 2009 by IIT-IIM alumni Rajesh Padinjaremadam and Sirish Kosaraju, along with chief architect Rinish K. Nalini. RapidValue offers a range of services in mobility and is building reusable solutions such as mobile field service and mobile HRMS.
Recently, the company launched ‘eQuipme’, a mobile field service suite that connects field service technicians from any device The company has over 50 customers in their portfolio and has delivered 350 mobility projects since their inception.
RapidValue, which counts several emerging to Fortune 500 companies across the US, Europe, Middle-East and India as its customers, will utilise the funds to grow in various geographies and strengthen its delivery capabilities.
Helion is the first and only institutional investor in the company and Rahul Chandra, Managing Director, Helion, who is also on the board of Helion’s another investee company, UnitedLex, will join the board of RapidValue. Also, Rodney Rogers, who is a well-recognized thought leader and successful entrepreneur will join RapidValue’s board as an independent director.
Globally, the market for mobility services is expected to be over USD 32bn by 2018, as enterprises increasingly move their business processes to mobile devices at a rapid pace. Mobility is causing massive data generation and requires enterprises to provide real-time intelligence from back-end systems to employees, customers and partners.
“Global enterprises are increasingly consuming services aimed at making them mobile-centric. Mobile has become the single most important point from where information services are being consumed and data is being generated. RapidValue helps enterprises to define their mobile strategy and in its implementation through custom and pre-built application development. The company is at the right stage of growth and addresses a rising global market opportunity. RapidValue has strong road-mapping and transformation skills and has built a reputation for successfully tying up deep back-end integration knowledge with front end usability.”